MarketResearch.biz announces publication of its most recently generated research report titled, “Global Metal Stampings Market by Process (Blanking, Embossing, Bending, Other Process), End-Use (Automotive, Aerospace, Consumer Electronics, Industrial Machinery, Other End-Uses), and Region – Global Forecast to 2020 and 2030.”, which offers a holistic view of the global metal stampings market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2021–2025) is projected to be over US$ 2,87,500 Mn, which is estimated to increase moderately over the latter part of the five-year forecast period.
A low-cost, high-speed manufacturing process used to transform flat metal sheets/plates into specific shapes and mass-produce similar metal parts metal stamping is used. To shape the metal into a new shape, a flat piece or blank is fed into a sheet metal press, which uses tools and dies surfaces to produce new shape metals. Manufacturers mainly use two methods for metal stamping, i.e., hot metal stamping or cold metal stamping.
Global metal stampings market: Market Dynamics
The growing urban population, expanding industrialization, increasing globalization, and rising need for stamped metal components in various applications and end-use industries such as automotive, industrial machinery, consumer appliances, and other industries are expected to drive the global growth metal stamping market in coming years. Demand for consumer electronic devices such as convertible laptops, tablet computers, smartphones, and smart TVs has increased significantly, leading to an increase in existing production capacity is another factor expected to fuel the growth of the target market over the next 10 years.
However, the availability of alternative methods of the metal stamping process includes sheet hydroforming and metal spinning. These methods are cost-effective and can also be used for the mass production of parts are among some of the key factors expected to hamper the growth of the global metal stampings market to a certain extent.
Increasing popularity and production of electric vehicles coupled with government initiatives and subsidies for EV manufacturers are the main factors leading to an increase in the production of stamped metal parts used in automotive industries. This factor is likely to increase the amount of sheet metal used in auto parts production to boost the metal stamping market during the forecast period.
Global metal stampings market: Market Forecast
The comprehensive research report comprises a complete forecast of the global metal stampings market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global metal stampings market is estimated to expand at a moderate CAGR of 4.1% during the forecast period.
Global metal stampings market: Segmental Snapshot
The market report has been segmented on the basis of process, end-use, and region. The process segment includes blanking, embossing, bending, other process. The end-use segment includes automotive, aerospace, consumer electronics, industrial machinery, other end-uses. The region covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By process: The blanking segment is expected to register a CAGR of over 31.2%, thereby accounting for highest revenue share among the type segments.
By end-use: The automotive segment is expected to register a CAGR of over 33.4% over the forecast period, thereby accounting for highest revenue share among the application segments.
By region: The market in APAC accounted for highest revenue share in the global metal stampings market in 2020, and is estimated to register a CAGR of over 42.0% between 2020 and 2030.
Global metal stampings market: Competitive Analysis
The research report on the global metal stampings market includes profiles of major companies such as CIE Automotive SA, Tower International, Inc., Shiloh Industries, Inc., Interplex Holdings Ltd., Oberg Industries LLc, Suzhou Cheersson Precision Metal Forming Co. Ltd., Clow Stamping Company Inc., Kapco Inc., Kenmode Tool & Engineering Inc., Manor Tool & Manufacturing.
The Global metal stampings market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2021–2025 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global metal stampings market for 2020–2030.
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